Infrastructure Sector

Afcon Infra shares rise 2% in overall weak market; check reasons here

Around 9:20 AM, Afcons Infrastructure share was off day's high, but continued to trade 0.8 per cent higher at ₹411.8 per share. By comparison, BSE Sensex was trading 0.19 per cent lower at 85,479.02 l

Interarch Building spurts 19% on heavy volumes; stock hits all-time high

Backed by a robust order book and strong project pipeline, Interarch Building management is confident of sustaining this growth in the second half of the year.

Centre plans ₹20,000 cr risk guarantee fund to boost infrastructure growth

The government is considering a proposal for creation of a Rs 20,000 crore risk guarantee fund for the infrastructure sector to push investment by the private sector. The establishment of a risk guarantee fund for the infrastructure sector is expected to attract private sector investment by sharing project risks, thereby reducing the burden on project developers, sources said. The fund with initial corpus of Rs 20,000 crore may be managed by National Credit Guarantee Trustee Company Limited (NCGTC), sources said, adding, the fund would underwrite development risk of a new project. Besides, there should be additional safeguards by way of a minimum stake by the developer and risk-based premiums may be charged. The fund would cover losses arising from policy uncertainty and other non-commercial risks, thereby encouraging lenders to extend larger loans to big projects, sources added. For the fund to be successful, sources said, the fund's guarantee must be bankable and there must be .

RDB Infrastructure gains 5% on inking MoU with Stargen Power; details

At 10:00 AM, RDB Infrastructure share price was trading 4.48 per cent higher at ₹48.24. In comparison, BSE Sensex was trading 0.28 per cent lower at 81,933.61 levels.

GSI team to visit Zambia to map and explore copper blocks this week

This is part of India's national critical minerals mission (NCMM), which aims to extend support to Indian public and private sector companies for mapping and exploration of critical mineral assets

India's core sectors' output grew 4.6% in January, shows govt data

January's growth was largely driven by a 14.5% surge in cement production and an 8.3% uptick in refinery products

India-US TRUST, IMEC to drive economic, infra cooperation: Experts

India-US TRUST (Transforming Relationship Utilizing Strategic Technology) will pave the way for economic and technological cooperation between the two countries, while focus on the IMEC framework will deepen collaboration in infrastructure and economic corridors, according to industry experts. Prime Minister Narendra Modi and US President Donald Trump have agreed on the TRUST initiative, to emphasise on creating strong supply chains of critical minerals, advanced materials, and pharmaceuticals. As per a joint statement issued after the Trump-Modi meeting in Washington, both countries have decided to launch a recovery and processing initiative for strategic minerals such as lithium and rare earth. The two sides will also work together on economic corridors and connectivity infrastructure under the IMEC (India-Middle East-Europe Economic Corridor) and I2U2 frameworks. "TRUST initiative on critical minerals and advanced materials marks a significant step toward economic and technologi

PNC Infratech shares surge 10% after regulatory relief from MoRTH

Disqualification period imposed on company, two SPVs reduced from one year to four months

Budget 2025: NaBFID's partial credit guarantee to boost corporate bond mkt

Insurance and pension regulatory norms require that investment papers must have at least an "AA" rating to be eligible for investment from pension and insurance funds

ARCs to see uptick in cumulative recovery rates in FY25 and 26: Crisil

Debt recast in thermal power, recoveries in realty to drive performance

Core sector grows 2% in September; refinery and cement lead gains

For the first time in 42 months, the output of the core sector has contracted (-1.6 per cent) during August.

Key infra sectors' growth slows down to 2% in September: Govt data

The growth in production of eight key infrastructure sectors slowed down to 2 per cent in September as against 9.5 per cent in the same month last year, according to official data released on Wednesday. However, the output growth is positive against a contraction of 1.6 per cent in August. Out of the eight key sectors, three -- crude oil, natural gas and electricity -- recorded negative growth in September. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.2 per cent during April-September this fiscal. It was 8.2 per cent in the same period last fiscal. The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth.

IRB Infrastructure Developers Q2 results: Net profit rises 4% to Rs 100 cr

IRB Infrastructure Developers on Wednesday reported 4 per cent rise in consolidated net profit at Rs 99.86 crore for September quarter FY25. The company had clocked a net profit of Rs 95.74 crore in the year-ago period, it said in a regulatory filing. Total income during the second quarter of the current fiscal declined to Rs 1,751.16 crore from Rs 1,874.50 crore a year ago. The company said its toll collection in Q2FY25 rose 25 per cent (including projects under Private InvIT). "The Q2FY25 looks fine, specifically on the toll collection front, which has shown consistent robust year-on-year growth, despite impact of heavy monsoon resulting into traffic disruptions in some of the assets." "We expect improved performance in the remaining quarters in view of the exit of monsoon season, coupled with set-in festive season and the pace consolidation in the development of under construction projects post monsoon season," IRB Infrastructure Developers Chairman & Managing Director ...

UK-India sign new infrastructure financing bridge agreement in London

A first-of-its-kind India-UK financing agreement to facilitate and unlock sustainable international investments into New Delhi's ambitious infrastructure projects was signed off in London on Wednesday, with a raft of national highways, rapid transport and renewable energy schemes set to benefit. The UK-India Infrastructure Financing Bridge (UKIIFB), agreed during the UK Economic and Financial Dialogue (EFD) in September last year, has now been operationalised for an initial two-year period between the City of London Corporation and the National Institution for Transforming India (NITI Aayog). A Steering Committee made up of representatives from the government's Treasury department, construction giants, engineering and legal firms operating across both countries has also been unveiled to drive forward the aims of getting mega infrastructure projects bid-ready. This is a game-changer that not only accelerates India's economic ascent but also strengthens its position on the global stage

Cabinet approved infra projects worth nearly Rs 2 trn since June: Vaishnaw

The Union Cabinet on Friday approved five infrastructure projects to boost connectivity within cities through metro rail in Karnataka and assembly poll-bound Maharashtra and improving air connectivity to Bihar and north West Bengal. Information and Broadcasting Minister Ashwini Vaishnaw said the government has approved infrastructure projects worth nearly Rs 2 lakh crore since assuming office in June, making it clear that its priority was to generate jobs and boost connectivity to further economic growth. The Union Cabinet, at a meeting chaired by Prime Minister Narendra Modi on Friday, approved metro rail projects in Bengaluru in Karnataka, and Thane and Pune in Maharashtra, where assembly elections are due later this year. "It is our constant endeavour to ensure Maharashtra gets modern infrastructure," Modi said in a post on X, sharing details of the Cabinet decisions taken on Friday. The Phase-3 of the Bangalore Metro, comprising two corridors JP Nagar to Kempapura and Hoshahal

Ajmera Realty & Infra India Q1 results: PAT jumps 49% to Rs 31.43 cr

Ajmera Realty & Infra India on Thursday reported a 49 per cent increase in its consolidated net profit to Rs 31.43 crore for the quarter ending June. Its profit stood at Rs 21.07 crore in the year-ago period. Total income rose to Rs 196.15 crore in the April-June period of this fiscal from Rs 117.57 crore in the corresponding period of the previous year, according to a regulatory filing. Dhaval Ajmera, Director of Ajmera Realty & Infra India, said the company continued its robust growth momentum with a stellar performance across all financial metrics, driven by strong sales growth and excellent collection efficiencies across all projects. This growth trajectory is a testament to the company's coveted launch pipeline and paves the way further towards full-year guidance, he said.

Ceigall India IPO gets fully subscribed on the second day of offer

The initial public offer of infrastructure company Ceigall India got fully subscribed on the second day of subscription on Friday. The Rs 1,252.66-crore initial share sale received bids for 2,74,18,073 shares against 2,23,13,663 shares on offer, as per the NSE data. The category for non-institutional investors received 1.75 times subscription, while the retail individual investors portion got subscribed 1.65 times subscription. The quota for qualified institutional buyers subscribed a mere 1 per cent. Ceigall India on Wednesday said it has mobilised Rs 375 crore from anchor investors. The initial public offering (IPO) has a price band of Rs 380-401 per share. The public issue will conclude on August 5. The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 684.25 crore and an Offer-For-Sale (OFS) of up to 1.42 crore equity shares worth Rs 568.41 crore, at the upper end of the price band, by the promoters, and an individual shareholder. This takes the total issue

Production growth in key infra sectors down to 4% in June, shows data

Production growth of eight key infrastructure sectors slowed down to 4 per cent in June this year due to a decline in the output of crude oil, and refinery products, according to official data released on Wednesday. The core sectors' production grew by 6.4 per cent in May 2024. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 8.4 per cent in June 2023. During April-June this fiscal, the output of core sectors rose by 5.7 per cent against 6 per cent in the same period last fiscal. The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth.

Cong govt in K'taka mired in competition for CM, Dy CM posts: Union min

Accusing the Congress government in Karnataka of being in deep slumber and mired in competition for Chief Minister and Deputy Chief Minister posts and internal rifts, Union Minister Shobha Karandlaje on Sunday urged the CM Siddaramaiah and his administration to "wake up" and save the people. Highlighting health issues such as dengue cases, also deteriorating law and order situation, stalled infrastructure projects in the state and the city among others, the Member of Parliament from Bangalore North accused the Siddaramaiah government of having forgotten the people amid its internal rifts. "There are several issues in the city and the state, and there is no government here that responds to it. This government is in a deep slumber. There is no use of telling anything to this government, it will be like pouring water on a rock," Karandlaje said. While speaking to reporters here, she said the only thing that is happening in this government is, competition as to who should become the Chi

Ramky Infrastructure up 7% on securing orders of Rs 131 cr from Power Grid

The surge in stock price came after the company announced that it has secured contracts worth Rs 131.19 crore from Power Grid